Music Business Worldwide
December 18, 2020
Credit: Chubo/Shutterstock
Following various rumours over the past couple of years about a Spotify launch in South Korea, the company has finally officially announced that its service will be rolled in the world’s sixth-largest music market in the first half of 2021.
The news follows a report published in
The
Korea Herald in March stating that the company had set up an office in Seoul at a WeWork building in the Daechi-dong area.
Citing sources, the report added that Peter Gradelius (Associate General Counsel / Head of Corporate Legal at Spotify) had been “registered as the Korean chief”.
Music Business Worldwide
December 18, 2020
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs.
This week, Sir Lucian Grainge, CEO & Chairman of Universal Music Group, sent an internal year-end memo to his staff reflecting on the year – and revealing some plans that are afoot for UMG in 2021.
Talking of UMG, today (December 18), we learned that a Tencent-led consortium has agreed to buy another 10% of the music company, taking its total stake up to 20%.
Changes in the Board of Executive Directors of BASF Business & Financial News | December 17, 2020 Global
Melanie Maas-Brunner appointed to the Board and succeeds Wayne T. Smith
Redistribution of responsibilities effective February 1, 2021 and June 1, 2021
Ludwigshafen, Germany – December 17, 2020 – The Supervisory Board of BASF SE today appointed Dr. Melanie Maas-Brunner (52) as a member of the Board of Executive Directors effective February 1, 2021. Maas-Brunner has been with BASF since 1997 and has headed BASF’s Nutrition & Health division since 2017. In her new role as of February 1, 2021, she will also take over the position as Chief Technology Officer from Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF. She will assume responsibility for the three research divisions Advanced Materials & Systems Research, Bioscience Research, Process Research & Chemical Engineering as well as BASF New